Tariffs as Insurance: Optimal Commercial Policy When Domestic Markets Are Incomplete
收藏NBER1981-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w0797
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资源简介：
Free trade is not optimal for a small country that faces uncertain terms of trade if some factors are immobile - ex post, and markets for contingent claims are incomplete. The government can improve social welfare by using commercial policy that serves as a partial substitute for missing insurance
提供机构：
美国国家经济研究局
创建时间：
1981-11-01
